ЦБ сообщает: Limits of regulating information services in the financial market (Банк России)

INTERNATIONAL FINANCIAL CONGRESS
1 July 2021
See more: https://ifcongress.ru/index/en

The current legislation obliges many financial market participants to use third parties’ data (mostly pricing data and its derivatives, such as discounts, rates and indices). The existing fragmentation of markets and financial information sources leads to an increasing arbitrage between financial indicators that share the same economic logic but use different data sources, while the regulators would like to ensure the quality of this data and protect it from contributors’ manipulations.
In view of this, our roundtable will be devoted to the role of information services in the financial market, determining the mechanism for assessing the quality of their information, and the need for regulators’ supervision of the respective processes.

Besides, other important items on the agenda are the evolution of Russian financial information providers as well as the necessity to establish an umbrella system of financial information aggregators and to calculate consolidated intermarket indicators.

Limits of regulating information services in the financial market